XML 41 R27.htm IDEA: XBRL DOCUMENT v3.20.4
Managed Container Fleet (Tables)
12 Months Ended
Dec. 31, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Company's Leasing Equipment for Owned and Managed Fleet

The Company’s container leasing equipment for the owned and managed fleet as of December 31, 2020 and 2019, were as follows:

 

 

 

2020

 

 

2019

 

 

 

Cost

 

 

Accumulated

Depreciation

 

 

Net Book

Value

 

 

Cost

 

 

Accumulated

Depreciation

 

 

Net Book

Value

 

Containers - owned fleet

 

$

5,740,717

 

 

$

(1,619,304

)

 

$

4,121,413

 

 

$

5,582,986

 

 

$

(1,442,986

)

 

$

4,140,000

 

Containers - managed fleet

 

 

3,926

 

 

 

(287

)

 

 

3,639

 

 

 

16,332

 

 

 

(181

)

 

 

16,151

 

Total containers

 

$

5,744,643

 

 

$

(1,619,591

)

 

$

4,125,052

 

 

$

5,599,318

 

 

$

(1,443,167

)

 

$

4,156,151

 

 

 

Summary of Total Lease Management Fee Income from Managed Fleet, Including Management Fees Earned from Acquisition Fees and Sales Commissions

Total management fee income from the managed fleet, including management fees earned from acquisition fees and sales commissions during 2020, 2019 and 2018 were as follows (also, see Note 4 “Transactions with Affiliates and Container Investors”):

 

 

 

2020

 

 

2019

 

 

2018

 

Lease rental income - managed fleet

 

$

62,448

 

 

$

101,901

 

 

$

111,342

 

Less: distribution expense to managed fleet container investors

 

 

(57,311

)

 

 

(93,858

)

 

 

(102,992

)

Less: depreciation and interest expense on managed containers purchased on or after January 1, 2019

 

 

(730

)

 

 

(394

)

 

 

 

Management fees from leasing

 

 

4,407

 

 

 

7,649

 

 

 

8,350

 

Management fees from non-leasing services

 

 

5,271

 

 

 

7,590

 

 

 

8,529

 

Total management fees

 

$

9,678

 

 

$

15,239

 

 

$

16,879

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Reconciliation of Balance Sheet Accounts From the Managed Fleet to Total Amount in Condensed Consolidated Balance Sheets The following table provides a reconciliation of the balance sheet accounts from the managed fleet to the total amount as of December 31, 2020 and 2019 in the consolidated balance sheets

 

 

2020

 

 

2019

 

Accounts receivable - owned fleet

 

$

97,950

 

 

$

96,158

 

Accounts receivable - managed fleet

 

 

10,628

 

 

 

13,226

 

Total accounts receivable

 

$

108,578

 

 

$

109,384

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets - owned fleet

 

$

13,614

 

 

$

14,627

 

Prepaid expenses and other current assets - managed fleet

 

 

99

 

 

 

189

 

Total prepaid expenses and other current assets

 

$

13,713

 

 

$

14,816

 

 

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses - owned fleet

 

$

23,198

 

 

$

21,451

 

Accounts payable and accrued expenses - managed fleet

 

 

1,187

 

 

 

1,953

 

Total accounts payable and accrued expenses

 

$

24,385

 

 

$

23,404

 

 

 

 

 

 

 

 

 

 

Container contracts payable - owned fleet

 

$

231,647

 

 

$

9,394

 

Total container contracts payable

 

$

231,647

 

 

$

9,394